How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business

From automotive to semiconductors to pharma to clean energy , America’s innovation centers have shifted east, offering growing evidence that the U.S. has lost what Harvard Business School’s Willy Shih calls the “ industrial commons ”: indispensable production skills and capabilities. We have identified four principles with straightforward steps that policymakers, business leaders, and universities can take to restore innovation ecosystems.

How Do I Start Your Own Business?

Strategy Driven

It requires a significant amount of your time and concentration to start a new business. To start this adventure, you need to know that you will eat and work with bread until you have a solid business and you can get it on track. There are various opinions about how to start a business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Core Incompetencies of the Corporation

Harvard Business Review

Despite their resource advantages, incumbents are seldom the authors of game-changing innovation. It’s not that veteran CEOs discount the value of innovation; rather, they’ve inherited organizational structures and processes that are inherently toxic to break-out thinking and relentless experimentation. Their preferred strategy seems to be to acquire young companies that haven’t yet lost their own innovation mojo (but upon acquisition most likely will).

Design Thinking Is Fundamentally Conservative and Preserves the Status Quo

Harvard Business

Billed as a set of tools for innovation, design thinking has been enthusiastically and, to some extent, uncritically adopted by firms and universities alike as an approach for the development of innovative solutions to complex problems. But skepticism about design thinking has now begun to seep out onto the pages of business magazines and educational publications. Noctiluxx/Getty Images. When it comes to design thinking, the bloom is off the rose.

The Economy of Punishment

Harvard Business Review

And relatedly, how do we recognize a black-market innovator who may have all the talent of a Richard Branson or a Jay-Z, but lacks the opportunities for a leg-up in the formal economy? That is to say, given the applied "street smarts" and talent — the art of the hustle, the leadership and prowess of running a drug business — what is it all worth? Many gangsters are natural born innovators with restricted economic opportunities.